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Representative Example: Loan Amount – £200 | Borrowed for 10 days | Interest: £9.89.
Total Repayment: £209.89 (Fixed) | Representative APR: 728.9% 
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. Cashcomet.co.uk Introduces customers to Monevo Ltd for the purposes of obtaining a loan. Cashcomet.co.uk does not provide any loan or consumer credit products directly.

 

Personal Loans

Moving Forward Starts Here

A personal loan can help you take control of your finances.

Personal Loans

See Why They’re Happy

Our customers rave about On Stride Financial. We’re just happy to help.

Why Choose Cash Comet

We offer more than just personal loans…

Loan Customisation

Choose a loan option that works best for you.

No late fees

What you see is what you get – no hidden or late fees.

Dedicated Customer Service

It’s our job to make sure your questions are answered.

Desperate Loans in the UK: Finding the Best Loan Options

Due to the fact that loans have only become even more increasingly important over the decades, the continued rise in the demands for loans has left profound effects not only on the lenders, but more importantly, on the borrowers. As the number of borrowers hoping to get loans consistently increased, so did the number of those unable to pay off their loans, it appears. And as traditional lending firms and institutions have struggled to address increasing demands for their services, a credit scoring system was soon created. With the credit scoring system that the lending firms had in place, borrowers who unlikely to be capable of paying off their loans were easily segregated from the borrowers who are likely capable of paying off their loans without any problem. Through this system, individuals with income levels that fall short of what the lending firms have deemed acceptable were automatically given poor credit scores, while borrowers who often miss out on their payments found their records automatically indicate bad payment histories. For the conventional lending firms, this credit scoring system proved to be extremely useful. For the borrowers with bad credit, however, its effects proved to be extremely detrimental. Because while this credit scoring system help the lending firms significantly reduce the number of accounts that were delinquent, it prevented borrowers with bad credit from procuring any more loans from any of the legitimate and standard lending firms and institutions. Due to this, borrowers with bad credit were left with very few and often unacceptable loan options. While some of them often found themselves borrowing money from some of their friends or members of their families, others were left to settle for underground loans that were being offered by traditional lending institutions. And although the latter option does help borrowers address their temporary financial situations, the excessively high interest rates that are inherent to these types of loan services often leave borrowers in even worse financial crises.  And as more and more borrowers with bad credit fell into the same predicament, an entire new market made up of borrowers with bad credit was soon enough created. Because of the incessant increase in demands for better loan services in this newly created market, lending firms have soon taken steps to address these necessities. With the help of the latest advancements in technology and the consequent evolution of the lending industry, innovative new loan solutions for borrowers with bad credit were soon introduced in the market.

why choose desperate loans

Getting Desperate Loans for Bad Credit

With the emergence of innovative new loan services for borrowers with bad credit, borrowers were finally given access to more affordable, much more flexible, and far more secure financial alternatives. Among the most important of these innovative new loan solutions are desperate loans for bad credit, which are basically loans that borrowers can avail of in times of urgent financial crises. With desperate loans, borrowers need not worry in times of financial emergencies. Because these types of loan solutions are easily accessible and readily available to borrowers despite their bad credit, borrowers who find themselves in critical financial crises can now easily address their predicament by availing of desperate loans for bad credit. With these new loan services, borrowers now have better loan solutions despite their bad credit. And unlike applications for most of the conventional types of loans that are being offered by traditional lending institutions, applications for desperate loans for bad credit entail fast and much simpler procedures. With desperate loans for bad credit, borrowers need not have to wait in long lines for many hours just to submit their applications, nor do they have to wait even longer when it comes to the applications’ approvals, as well as the release of approved loans’ funds.

When to Get Desperate Loans and Instant Loans

Because applications for desperate loans and instant loans can be accomplished entirely online, borrowers now have the convenience of being able to submit their loan applications from anywhere, and at anytime. In applying for desperate loans and instant loans, borrowers need not have to submit any more additional requirements. With these types of loan solutions, borrowers only need to submit basic documents, which they can easily submit over the internet. And since applications for desperate loans and instant loans are completed entirely over the internet, applications are processed from the moment that they are submitted. Approvals for these applications, on the other hand, can be expected in as little as just a matter of minutes after they are submitted; and the release of funds for borrowers’ approved loans can now be accomplished even on the same day of the applications’ submission. Because of this extremely helpful features, desperate loans and instant loans make great solutions to urgent financial situations. These loan services can be extremely helpful in addressing unexpected expenses, such as that of hospital bills, car repairs, urgent home repairs, as well as other similar expenses. But because desperate loans and instant loans are mostly small loans that are payable only over short term payment conditions, they do not make the best resolutions in situations that call for much complicated financial solutions. In situations that require loans in much higher amounts, borrowers are better off procuring secured loans which they can pay over in much longer payment terms.

Getting Desperate Loans from Direct Lenders

For many borrowers, a common misbelief is that securing desperate loans directly from the lenders yield more savings that securing loans with the assistance of loan brokers. This is because by borrowing from the lenders directly, borrowers get to avoid having to pay for the loan brokers’ fees. But while it’s true that this does help borrowers save a small amount of money, the benefits that comes with loan brokers’ services far outweigh this small advantage. And because loan brokers often extend extensive assistance and expert financial advise to their clients, borrowers are ensured to get the best loan options that are applicable to their unique financial situations.

why choose desperate loans

10 Tips for Borrowing Personal Loans

Ask Questions.

If you have any questions or concerns regarding your personal loan, don’t hesitate to contact your lender’s customer service department. It’s their job to make sure there are no issues with your loan.

Make Your Payments On Time.

Most lenders charge late fees for missed or late payments. Try to make your payments on time to avoid any unexpected charges. If you know that you may miss an upcoming payment, contact your lender beforehand to come up with an alternative solution.

Repay Your Loan Early.

If your lender doesn’t charge an early repayment fee, consider paying off your loan early. Doing so could greatly reduce the interest accrued on your loan.

Don’t Borrow Too Many Loans.

By borrowing too many loans, you run the risk of falling behind on payments and acquiring many late or missed payment fees. Only borrow what you know you’ll be able to repay comfortably.

Read Your Contract.

Make sure you read and understand the contract before signing your loan agreement. Many of your loan’s rates and terms will be explained here in detail, so it’s an important document to review before proceeding.

Check Your Information.

Before submitting a loan application, review your information to make sure everything is accurate. This will accelerate the approval process and allow the lender to make the most accurate lending decision regarding your application.

Review Your Credit Rating.

Borrowers with good credit ratings will typically receive better rates than those with less-than-perfect credit. Your credit rating will also let lenders know if you’re a high- or low-risk borrower.

Read the Eligibility Requirements.

Not everyone is eligible to apply for a personal loan. Before spending too much time on an application, check the lender’s eligibility requirements first to see if you qualify.

Shop Around.

Make sure you shop around and compare APRs before applying for a personal loan. There are several price comparison websites available that can help you find a lender that you’re most comfortable with.

Find the Right Loan.

There are several types of personal loans you can apply for: secured, unsecured and guarantor loans. Visit our Personal Loans page to learn more about each loan type and which one best suits your needs.

Here You can see some Examples of Competitors

Loan amount
£100 - £1,000
Loan term
1 - 6 Months
CUSTOMERSCORES
Good short term plans with great rates.
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Loan amount
£100 - £2,000
Loan term
1 - 6 Months
CUSTOMERSCORES
Excellent service and rates.
Apply Now

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5 most recent personal loan reviews

Review of Cash Lady

I was so surprise about service, it was quick simple and easy but not forgetting the friendly staffs. Each and everyone I spoken was so helpful and ready to go extra mile. Really good, Gooood job.

Review posted by Yusuf Abboud, Dorney

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Cashback Loans

I was very worried about taking out a loan having never done this before but the girl made it so easy. She was nice to talk to, everything was made clear and precise, no problems whatsoever. Providing you keep up the payments I would recommend this to anyone. They kept myself and the guarantor informed every step of the way. Would definitely use Cashback again. I can now build my credit score. Any problems I can ring up and you have a personal plan. Great experience.

Review posted by Claudette Osborne, Kettering

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Little Loans

Found myself looking for a guarantor car loan as I'm only 19 and so I didn't have any good credit against me to get a normal one. Not only was Little one of the lowest interest loans I found but they were really helpful and it only took 2 days from applying to getting the money in my account. Brilliant service, would definitely recommend.

Review posted by Alex Kidd, Hull

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All our reviews are gathered from Trust Pilot to ensure authenticity.